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The financial services organization serving nearly 13 million customers, National Australia Bank (NAB), today announced the hiring of Todd Forest as its inaugural managing director. As the official press release notes, Mr. Forest will lead the $50 million NAB Ventures fund, part of the NAB Labs innovation hub.

The main objective of the innovation fund is to collaborate with startups from around the world presenting unique ideas and technologies that can definitely develop the financial experience of NAB customers.

Previously, Mr. Forest was employed in the Australian Tasman Ventures at exactly the same position. The entity invests in internet companies that are in ... (read more)